Oxford Nanopore Technologies (LON:ONT) Shares Down 12.8% - What's Next?

Key Points

• Oxford Nanopore Technologies shares dropped by 12.8%, trading as low as GBX 159.96 ($2.14), with a significant decline in trading volume.
• Multiple research analysts have set a new price target of GBX 250, with the average consensus price target now at GBX 232.50 and a general rating of "Buy."
• The company reported a negative return on equity of 26.02% and a negative net margin of 94.82% for the last quarter.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was down 12.8% during trading on Tuesday . The company traded as low as GBX 159.96 ($2.14) and last traded at GBX 161.60 ($2.16). Approximately 3,482,561 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.48).

Analysts Set New Price Targets

A number of research analysts have commented on ONT shares. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research note on Friday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 target price on shares of Oxford Nanopore Technologies in a report on Tuesday. Finally, Citigroup lifted their target price on shares of Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of GBX 232.50.

Oxford Nanopore Technologies Trading Down 12.8%

The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The stock has a market cap of £1.55 billion, a PE ratio of -1,010.00 and a beta of 0.80. The business's fifty day moving average is GBX 181.20 and its 200 day moving average is GBX 138.65.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported GBX (7.50) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

About Oxford Nanopore Technologies

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